Commissioner of Income-tax Versus Bhagwan Cloth Stores

IT Reference No. 54 of 1996 - Dated:- 10-7-2002 - DEEPAK VERMA AND N.K. JAIN, JJ. R.L. Jain for the Applicant. Nazirsingh for the Respondent. ORDER 1. This reference is made under section 256(1) of the IT Act, as it stood before the amendment of 1998 .....

We are afraid it was not advisable for the Revenue to seek reference in the case involving such a petty amount. Earlier this Court, vide its order dated 24th Feb., 1999, in IT Ref. Nos. 69/98 and 70/98 has declined to entertain reference application .....